Rebate under 87A - STCG right to property

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JOB
145 Points Posted on 22 February 2025

I have a query 

Pension income 3lakh
STCG on sale of under construction property 7 lakh before possession flat that is

Is it included as in TI which gets taxed at slab rate and would it fall under ambit of 87A rebate? in total making tax liability NIL ? Reading conflicting views on this one 

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On 22 February 2025 at 22:39 Report
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This discussion clarifies whether Short-Term Capital Gains (STCG) from selling an under-construction property before possession is taxed at slab rates. It also addresses whether such gains qualify for the Section 87A rebate, which typically applies to total income within a certain threshold. The consensus is that STCG is taxed at slab rates and does not qualify for the 87A rebate.

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SEO Sai Gr. Hosp.
212529 Points Posted on 23 February 2025

It will be taxes at slab rate. Rebate u/s. 87A not applicable.

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On 23 February 2025 at 11:34
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Profession
28271 Points Posted on 23 February 2025

SEC 87A IS A SEPERATE SECTION.

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On 23 February 2025 at 11:51

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